Maynilad Water Services, Inc. will implement a series of water system replacement and repair projects in Manila to address non-revenue water (NRW) and improve the city's water infrastructure. Maynilad said the west zone water concessionaire has allocated P2.7 billion for its four-year NRW...
DAVAO CITY – With the current policy framework of the mining industry, policy-advocacy group Legal Rights and Natural Resource Center (LRC) believes that the promise of gold is not worth the risk. SEARCH and retrieval operations continue in the landslide site in Barangay Masara, Maco, Davao de...
The Ayala Group’s tech manufacturing arm Integrated Micro-electronics Inc. (IMI) announced that its Chief Executive Officer Arthur R. Tan will be replaced by Lou Hughes in May this year. IMI CEO Arthur R. Tan In a disclosure to the Philippine Stock Exchange (PSE), IMI said Tan will no longer...
Integrated solar developer SP New Energy Corp. (SPNEC), now a member of the Meralco Group, has replaced MREIT Inc. in the exclusive and coveted MSCI Philippines Small Cap Index. Source: MSCI, First Metro Securities The addition of SPNEC and deletion of MREIT are the only changes in the closely...
Apex Mining Co. Inc. reported that it is operating on a lower capacity following a landslide near its Davao de Oro mine site, affecting its gold and silver production while sales are expected to be reduced. In a disclosure to the Philippine Stock Exchange (PSE), the Razon-controlled mining firm...
MGen Renewable Energy Inc. (MGreen), a unit of Manila Electric Company (Meralco), has bought an additional 2.17 billion shares in SP New Energy Corporation (SPNEC) from Solar Philippines Power Project Holdings Inc. for P2.5 billion. In a disclosure to the Philippine Stock Exchange (PSE), SPNEC said...
SM Investments Corporation’s (SMIC) transportation and logistics unit 2GO Group Inc. has signed an agreement with National University (NU) to provide maritime experiential on-the-job training for its tourism and hospitality students. In a statement, 2Go said this strategic alliance aims to...
Jetour Auto Philippines Inc (JAPI) is starting the year off in full force, having recently unveiled the Jetour Dashing Symphony, a limited edition Dashing model that seeks to inject a more luxurious experience into the model’s variant lineup. During the recently held Dealer Commitment...
Aboitiz Infracapital (AIC) has inaugurated the P12 billion Davao City Bulk Water Supply Project (DCBWSP), the largest of its kind in the country boasting a 300-million liters per day (MLD) water production capacity. In a statement, the firm said this transformative infrastructure project is the...
Fruitas Holdings Inc., the leading operator of multi-format food and beverage stores in the country, is ramping up the expansion of its Ling Nam restaurant chain with the opening of three new branches in Metro Manila. In a disclosure to the Philippine Stock Exchange (PSE), Fruitas said it kicked of...
BDO Foundation, the corporate social responsibility arm of the Sy family-controlled BDO Unibank Inc., has turned over three newly rehabilitated rural health units (RHUs) in Camarines Sur, Bicol region this month as part of its efforts to improve healthcare facilities in communities...
Toronto-listed multinational gold mining firm OceanaGold Corporation is divesting 20 percent of its stake in wholly-owned subsidiary OceanaGold (Philippines) Inc. (OGPI) via a P7.88 billion initial public offering (IPO) as required by the government. OceanaGold Philippines' Didipio mine in Nueva...
